If you lose your private keys and do not have the seed phrase of the wallet, you lose access to any funds associated with those private keys. Thus, it’s important to store your private keys in a secure setup and with backups. When you own Bitcoin, what you really own is a private key to control those funds on the blockchain.
If you lose your private keys and do not have the seed phrase of the wallet, you lose access to any funds associated with those private keys. Thus, it’s important to store your private keys in a secure setup and with backups. When you own Bitcoin, what you really own is a private key to control those funds on the blockchain.